{"id":384553,"date":"2019-05-31T18:00:03","date_gmt":"2019-05-31T18:00:03","guid":{"rendered":"https:\/\/uniquehot.com\/?p=384553"},"modified":"2024-06-11T17:31:58","modified_gmt":"2024-06-11T17:31:58","slug":"binance-coin-bnb-slide-6-1-but-margin-trading-could-spur-demand","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/binance-coin-bnb-slide-6-1-but-margin-trading-could-spur-demand\/","title":{"rendered":"Binance Coin (BNB) Slides 6.1%, Margin Trading Could Kickstart Demand"},"content":{"rendered":"<ul>\n<li><em>Binance Coin (BNB) falls 6.1 percent<\/em><\/li>\n<li><em>If the rumor is true, Binance is close to activating Margin Trading<\/em><\/li>\n<\/ul>\n<p><em>After six months of stellar performance, Binance coin (BNB) is correcting. Even so, if Binance enables margin trading, the demand for BNB will increase, buoying bulls aiming at $43.<\/em><\/p>\n<h2>Binance Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>They may be centralized and prone to hacks, but exchanges play a crucial role in the crypto ecosystem. Not only do create a market place for even the most illiquid digital assets, but these ramps bridge fiat and cryptocurrencies. However, this space is heating up. There is ingress of <a href=\"https:\/\/uniquehot.com\/2019\/04\/02\/wall-streets-interest-in-crypto-may-be-dwindling-but-the-markets-dont-seem-to-care\/\" target=\"_blank\" rel=\"noopener noreferrer \">Wall Street<\/a> behemoths. Leading the line is <a href=\"https:\/\/uniquehot.com\/2013\/12\/11\/fidelity-investments-now-allowing-clients-put-bitcoin-iras\/\" target=\"_blank\" rel=\"noopener noreferrer \">Fidelity Investments<\/a> whose express ambition is to build a digital asset vault for high net worth investors as well as institutions.<\/p>\n<p>Meanwhile, exchanges are stepping up. Coinbase is diverging from their conservative stance, offering more support for coins with the latest beneficiary being <a href=\"https:\/\/uniquehot.com\/2019\/05\/28\/crypto-market-wrap-eos-pumps-15-percent-as-b1-event-nears\/\" target=\"_blank\" rel=\"noopener noreferrer \">EOS<\/a>. Although the timing was wrong as investors didn\u2019t reap benefits from the \u201cCoinbase Effect,\u201d others as Binance are keen and \u201clistening to customer feedback.\u201d<\/p>\n<p>It is yet to be confirmed, but rumor has it that they plan to roll-out <a href=\"https:\/\/uniquehot.com\/2019\/05\/30\/will-bitcoin-margin-trading-help-binance-and-coinbase-survive-big-banks-entering-crypto\/\" target=\"_blank\" rel=\"noopener noreferrer \">margin trading<\/a>. Undoubtedly, these features will be introduced to cement its position as the world\u2019s leading exchange by adjusted volumes. TechCrunch is <a href=\"https:\/\/techcrunch.com\/2019\/05\/24\/binance-margin-trading\/\" rel=\"nofollow\">reporting<\/a> that Binance has already launched the feature to a select group of traders.<\/p>\n<h3>Candlestick Arrangements<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-384549\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Binance-Coin-Daily-Chart-May-31.png?resize=1280%2C1024\" alt=\"Binance Coin BNB\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Binance-Coin-Daily-Chart-May-31.png?w=1280 1280w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Binance-Coin-Daily-Chart-May-31.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Binance-Coin-Daily-Chart-May-31.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Binance-Coin-Daily-Chart-May-31.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Binance-Coin-Daily-Chart-May-31.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Binance-Coin-Daily-Chart-May-31.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Binance Coin (BNB) is in an uptrend. Shoring prices are fundamental factors which are overwhelmingly bullish. Up more than five folds after bottoming up in mid-Dec 2018, BNB is trading within a bullish breakout pattern. However, there is an over-extension.<\/p>\n<p>From the chart, not only do we have a three-bar bear reversal pattern, but prices are consolidating inside May 26th high-volume bear bar. It is for this reason why the bar will determine the trajectory of the asset in the coming few days.<\/p>\n<p>Furthermore, note that bars are printing away from the upper Bollinger Bands (BB). Because of this, what we have are lower lows. Nonetheless, otherwise, unless there is a breach of May 26th low at $30, buyers are in control with targets at $43 as laid out in previous <a href=\"https:\/\/uniquehot.com\/2019\/05\/14\/if-ebay-rumor-is-true-binance-coin-bnb-could-double-to-40\/\" target=\"_blank\" rel=\"noopener noreferrer \">BNB\/USD price analysis<\/a>.<\/p>\n<h2>Technical Indicator<\/h2>\n<p>From the above, May 26th anchors this trade plan. Behind the bar are high trading volumes-4 million. With support at $30, any bear bar closing below that mark signaling a correction ought to be accompanied by high participation exceeding 4 million.<\/p>\n<pre><a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\"><strong><em>Chart<\/em><\/strong><\/a><strong><em> courtesy of Trading View. Image Courtesy of Shutterstock<\/em><\/strong><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Binance Coin (BNB) falls 6.1 percent If the rumor is true, Binance is close to activating Margin Trading After six months of stellar performance, Binance coin (BNB) is correcting. Even so, if Binance enables margin trading, the demand for BNB will increase, buoying bulls aiming at $43. Binance Price Analysis Fundamentals They may be centralized and prone to hacks, but exchanges play a crucial role in the crypto ecosystem. Not only do create a market place for even the most illiquid digital assets, but these ramps bridge fiat and cryptocurrencies. However, this space is heating up. There is ingress of Wall Street behemoths. Leading the line is Fidelity Investments whose express ambition is to build a digital asset vault for high net worth investors as well as institutions. Meanwhile, exchanges are stepping up. Coinbase is diverging from their conservative stance, offering more support for coins with the latest beneficiary being EOS. Although the timing was wrong as investors didn\u2019t reap benefits from the \u201cCoinbase Effect,\u201d others as Binance are keen and \u201clistening to customer feedback.\u201d It is yet to be confirmed, but rumor has it that they plan to roll-out margin trading. Undoubtedly, these features will be introduced to cement its position as the world\u2019s leading exchange by adjusted volumes. TechCrunch is reporting that Binance has already launched the feature to a select group of traders. Candlestick Arrangements Binance Coin (BNB) is in an uptrend. Shoring prices are fundamental factors which are overwhelmingly bullish. Up more than five folds after bottoming up in mid-Dec 2018, BNB is trading within a bullish breakout pattern. However, there is an over-extension. From the chart, not only do we have a three-bar bear reversal pattern, but prices are consolidating inside May 26th high-volume bear bar. It is for this reason why the bar will determine the trajectory of the asset in the coming few days. Furthermore, note that bars are printing away from the upper Bollinger Bands (BB). Because of this, what we have are lower lows. Nonetheless, otherwise, unless there is a breach of May 26th low at $30, buyers are in control with targets at $43 as laid out in previous BNB\/USD price analysis. Technical Indicator From the above, May 26th anchors this trade plan. Behind the bar are high trading volumes-4 million. With support at $30, any bear bar closing below that mark signaling a correction ought to be accompanied by high participation exceeding 4 million. Chart courtesy of Trading View. Image Courtesy of Shutterstock<\/p>\n","protected":false},"author":384,"featured_media":381398,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10768,13291,11427],"class_list":["post-384553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-binance-coin","tag-bnb"],"acf":[],"yoast_head":"\n<title>Binance Coin (BNB) Slide 6.1% but Margin Trading Could Spur Demand<\/title>\n<meta name=\"description\" content=\"Binance Coin (BNB) falls 6.1 percent If the rumor is true, Binance is close to activating Margin Trading After six months of stellar performance, Binance\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. 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